Tag: Business
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Dinosaur-era fossil provides insight into snake evolution
July 23 : Snakes first appeared during the age of dinosaurs, but fossils of many early species are so fragmentary that scientists have had difficulty deciphering their evolution as a group. Now, a well-preserved fossil from southeastern Brazil is offering fresh insight into the history of these slithering reptiles.
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Tesla earnings, Amazon layoffs, Kevin Warsh’s favorite phrases and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Mobileye beats estimates, hunts for CEO as founder departs
July 23 : Mobileye Global founder Amnon Shashua plans to step down as chief executive officer after the appointment of a successor, the autonomous driving technology maker said on Thursday, as it reported second-quarter results that topped Wall Street estimates. Mobileye said its board would hire an executive
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Blackstone beats profit estimates on AI gains as assets hit $1.35 trillion
July 23 : Blackstone’s second-quarter income rose to beat market expectations on Thursday, as the world’s largest alternative asset manager benefited from growing assets under management and reaping profits from a mammoth bet on artificial intelligence.The New York-based company said inflows in the quarter pu
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Infosys names insider Ashiss Kumar Dash next CEO, trims annual growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.Dash, who heads the company’s energy vertical, will take over in April 2027 fo
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Saudi PIF’s $55 billion EA deal approved under EU merger rules
BRUSSELS, July 23 : A group of investors including Saudi Arabia’s Public Investment Fund has secured EU antitrust approval for its $55 billion acquisition of video game developer Electronic Arts, the European Commission said on Thursday.Saudi Arabia’s $1 trillion wealth fund, Jared Kushner’s Affinity Partners
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Musk proposes peer review for frontier AI models in Economist interview
July 23 : Elon Musk urged the world’s leading AI firms to conduct peer reviews of one another’s most advanced models before releasing them, The Economist reported on Thursday, as concerns grow over the rapid pace of the technology’s development and potential safety risks.The interview, which The Economist sai
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Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex
NEW YORK, July 23 : Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm’s mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.Short sellers
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Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs
July 23 : Alphabet’s first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world’s most profitable companies, and the pain is only expected to increase.The Google parent burned $5.9 billion in the second quarter, even as the cloud uni
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Stocks making the biggest moves premarket: Lockheed Martin, Tesla, Alphabet & more
These are the stocks posting the largest moves premarket.
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